City Spending Slightly Behind of PICA’s Projections
Through November, the City has expended $1.838 billion and encumbered an additional $464.2 million, resulting in total obligations of $2.302 billion. This total is approximately $140.1 million, or 6.5 percent more than in FY2022. It also represents 39.4 percent of the total FY2023 approved budget, slightly lower than PICA’s projection of 41.6 percent.
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